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The company has interim carbon emission targets of at least 50% reduction from electric generation by 2030, 50% for Scope 2 and certain Scope 3 upstream and downstream emissions by 2035, and 80% from electric generation by 2040. In addition, the company is investing in major electric grid enhancements, energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear. The company’s electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own approximately 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.
Supporting good causes is a family affair for the Echevarrias
Another first-time aspect of this rate approval is the implementation of performance incentive mechanisms (PIMs). First allowed by North Carolina’s clean energy legislation (HB951), PIMs advance state policy goals through financial incentives and penalties that encourage utility performance in areas of shared interest with customers. The city will partner with Carolina Solar Energy, a North Carolina-based solar energy company, and Ecoplexus, an international solar energy company with offices in Durham, N.C., to build the solar farm, which is expected to be fully operational in 2022. Duke is consolidating much of its real estate holdings and office sites into this single building, projected to be the home of about 4,000 Duke employees. The site was previously home to a surface parking lot on South Tryon Street across from 550 South Tryon, the former Duke Energy Center.
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Buyers plan apartments, shops at two former Duke Energy buildings uptown - WFAE
Buyers plan apartments, shops at two former Duke Energy buildings uptown.
Posted: Mon, 19 Dec 2022 08:00:00 GMT [source]
“We are proud to be a municipal leader in North Carolina and in the U.S., not only setting ambitious climate and energy goals, but taking actions on those goals to support the environment and health of our community," said Charlotte Mayor Vi Lyles. Approximately 1,000 craftsman and trade workers will be employed during the three-year construction period, providing a much-needed economic boost to Charlotte and the surrounding areas during the pandemic. The Hennessees said they welcomed the growth offered by the arrival of companies like Toyota. At the same time, they want Winston-Salem to retain the smaller-town charm that drew them to the region — as well as the cost of living — and not become like other Southern cities. The Triad has become a destination for some college-educated workers leaving coastal cities.
New plaza in Uptown Charlotte to become Duke Energy's corporate headquarters
It also has made investments in its grid that has resulted in more reliable service to its customers. In 2023, smart, self-healing grid technologies helped Duke Energy’s customers avoid more than 1.5 million power outages, saving approximately 3.5 million hours of total outage time. Duke Energy was named to Fortune’s 2020 “World’s Most Admired Companies” list, and Forbes’ 2019 “America’s Best Employers” list. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Overall, 600 MW of capacity is available under the Green Source Advantage program for large Duke Energy customers in North Carolina.
South Tryon
According to Zillow, the average home valuation in the Triad’s three main cities is around $250,000, compared with more than $300,000 for the state as a whole and more than $400,000 in the Triangle. One school offering such training is Guilford Technical Community College, the site of Mr. Cooper’s Greensboro appearance. At the same event, Jill Biden, the first lady, highlighted what she saw as the importance of such programs to enacting President Biden’s economic agenda. In High Point, a hosiery mill sat vacant for decades, opening only for biannual furniture showrooms. But in 2021, a group of local investors joined with the city’s Chamber of Commerce and a local foundation that donated more than $40 million to convert the site to a co-working space, Congdon Yards.
Along with her husband, who worked for Nike, Melissa Binder left Portland, Ore., in 2019 for Winston-Salem to raise their child. They bought their house for $315,000 in 2019, and Ms. Binder said it offered more space than the house they owned in Portland. Now it’s trying to forge a new economy from more highly skilled manufacturing. We recognize these individuals as both enriching U.S. culture and being instrumental to its future success. It’s why Duke Energy joins organizations and communities across the country in May, Asian American and Pacific Islander (AAPI) Heritage Month, to mark the contributions and influence of Asian Americans, Native Hawaiians and Pacific Islanders. Their incredible story represents a generation of people who overcame a perilous journey at sea in search of peace, freedom and safety.
Ivan Toth Depeña is an artist currently based in Charlotte, NC, after having lived and worked in Miami, FL and New York, NY. With a master’s degree in Architecture from Harvard University’s Graduate School of Design, Depeña’s artistic production is informed by his experience in art, architecture, technology and design, and encompasses a range of media. Depeña pursues the intersection between different disciplines with the aim of choreographing the moment when these aspects come together seamlessly. Using traditional avenues such as drawing, painting and sculpture then interweaving interactivity/responsiveness, video, light and high-tech methods of fabrication, Depeña explores the fine line between chance and intention. "Some employees will be working on site. Some will be working remotely full-time. But the majority of our office employees will have a hybrid schedule, where they're going to be splitting time between the office and working remotely," Nissan said. "And because of that, we're able to really reduce the amount of space that's required for our employees."
– Duke Energy today announced that three public art installations will be constructed at the company’s new headquarters in uptown Charlotte – the Duke Energy Plaza – to celebrate the city and company’s mission. The works of art will be freely accessible to the public and emphasize the company’s commitment to powering the vitality of its communities. Wachovia was to occupy 450,000 square feet (42,000 m2)[7] of the 1.5 million square feet (140,000 m2) tower. The third floor would have been occupied by training areas during the day and classrooms at night.
Duke Energy To Move HQ To New Tower, Shrink Charlotte Office Space - WFAE
Duke Energy To Move HQ To New Tower, Shrink Charlotte Office Space.
Posted: Mon, 17 May 2021 07:00:00 GMT [source]
Outdoor Lighting
According to the Edison Electric Institute, the national monthly average for typical residential customers was $171.67 as of Jan. 1, 2023, before other utilities go through their own rate adjustments. Hodges Taylor is Charlotte’s longest-running gallery and consulting firm, founded in 1980. The women-owned gallery focuses on promoting Southeastern artists in a range of mediums and curating and presenting artists who share in common the power to spark curiosity, conversation, and collaboration. Duke plans to cut its Charlotte office space by about 60%, saving $90 million over five years.
Doan credits his family’s experiences and influence as Vietnamese refugees for his success at Duke Energy – and in life. Customer bills already reflect an interim rate adjustment implemented June 1. And for the first time, the NCUC approval covers multiyear rates, along with incentives and penalties to hold the utility accountable for reliability and other performance metrics. The move fits well with Charlotte's goal to have its municipal fleet and facilities be fueled by 100% zero-carbon energy sources by 2030. Duke Energy released a rendering of its new uptown tower, providing a first look at one of several projects reshaping South Tryon Street.A spokesman... 550 South Tryon (formerly the Duke Energy Center) is a 786-foot (240 m) tall,[1] 48-floor (54 floors including mechanical floors) skyscraper in Charlotte, North Carolina.
Together, the sculpture and video are designed to capture the movement of time and light, creating an immersive experience for employees and visitors alike. The new real estate plan continues the company’s efforts to best house its approximately 6,000 employees and contractors in Charlotte to continue delivering affordable, reliable and increasingly clean energy, as well as customer-focused products and services. After a thorough review of the company’s current and future real estate needs in Uptown, the company also plans to exit the Duke Energy Center located at 550 South Tryon Street and Piedmont Town Center in South Park. Once the new tower is complete, the company plans to sell its 526 Church Street and 401 College Street facilities and exit 400 South Tryon Street. The plan will consolidate the space the company occupies in the Charlotte area over the next several years with the goal of reducing its footprint from approximately 2.5 million square feet to approximately 1 million square feet.
Duke Energy is executing an aggressive clean energy strategy to create a smarter energy future for its customers and communities – with goals of at least a 50 percent carbon reduction by 2030 and net-zero carbon emissions by 2050. The company is a top U.S. renewable energy provider, on track to operate or purchase 16,000 megawatts of renewable energy capacity by 2025. The company also is investing in major electric grid upgrades and expanded battery storage, and exploring zero-emitting power generation technologies such as hydrogen and advanced nuclear.
Duke Energy’s corporate headquarters will be located at the new Duke Energy Plaza beginning in 2023. Until that time, the company will transition into other existing facilities and begin to adopt the new workplace model. Duke Energy continuously reviews all aspects of the business for opportunities to improve and this real estate plan makes the best business sense.
At the same time, the economy of the Triangle, which had the country’s largest corporate research park, took off as research and tech companies grew. In 2001, the Research Triangle and the Triad had roughly the same economic output; by 2021, the two had diverged. Both regions gained population, but the Triangle grew faster, buoyed by growing numbers of college-educated workers. Duke Energy will also refer CAP customers to weatherization and energy efficiency services that can help provide long-term solutions to reduce energy usage. Duke Energy shareholders are contributing an additional $6 million to the Share the Light Fund in support of North Carolina customers. This document includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
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